BSE: 532976 | NSE: JAIBALAJI | Steel/Sponge Iron/Pig Iron | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Jai Balaji Industries Ltd is a average quality company.
The key valuation ratios of Jai Balaji Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Jai Balaji Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -4.1% | -9.4% | -7.8% | -10.1% | -2% | -0.6% | 0.7% | 9.2% | 13.3% | 61.1% | - |
| Value Creation Index ⓘ | NA | NA | NA | NA | NA | NA | NA | -0.4 | -0.1 | 4.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 1,478 | 1,213 | 1,564 | 2,389 | 3,077 | 2,912 | 2,785 | 4,693 | 6,125 | 6,414 | 6,659 |
| Sales YoY Gr. | - | -17.9% | 29% | 52.8% | 28.8% | -5.4% | -4.4% | 68.5% | 30.5% | 4.7% | - |
| Adj EPS ⓘ | -53.3 | -85.5 | -27.5 | -24.4 | -16 | -10.4 | -6.8 | 4.5 | 8.1 | 54.5 | 47.7 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | 80.3% | 575.8% | - |
| BVPS (₹) ⓘ | -24.5 | -108.4 | -137.3 | -148 | -163.9 | -150.1 | -156.9 | -150.5 | 35.2 | 90.6 | 105.7 |
| Adj Net Profit ⓘ | -394 | -665 | -237 | -235 | -154 | -114 | -75.1 | 49.4 | 117 | 891 | 870 |
| Cash Flow from Ops. ⓘ | -61.7 | -172 | -104 | 65.6 | 40.3 | 291 | 143 | 463 | 321 | 839 | - |
| Debt/CF from Ops. ⓘ | -48.4 | -19.9 | -33.6 | 53.5 | 90.3 | 11.9 | 23.9 | 6.9 | 2.7 | 0.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 17.7% | 15.8% | 32.1% | 4.7% | ||||
| Adj EPS ⓘ | NA | NA | NA | 575.8% | ||||
| BVPSⓘ | NA | NA | NA | 157.5% | ||||
| Share Price | 49.5% | 112.2% | 151.8% | 52.3% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -2241.9 | 130.5 | 23.5 | 18.1 | 10.3 | 7.1 | 4.4 | -2.9 | -21.2 | 86.5 | 48.6 |
| Op. Profit Mgn % ⓘ | -1.5 | -12.4 | -6.4 | -3.9 | 0.8 | 1.1 | 3.5 | 4.5 | 5.6 | 10.2 | 15.5 |
| Net Profit Mgn % ⓘ | -26.6 | -54.8 | -15.2 | -9.9 | -5 | -3.9 | -2.7 | 1.1 | 1.9 | 13.9 | 13.1 |
| Debt to Equity ⓘ | -16.5 | -4.1 | -3 | -2.5 | -2.3 | -2.1 | -2 | -1.9 | 1.7 | 0.3 | 0.1 |
| Working Cap Days ⓘ | 405 | 477 | 338 | 213 | 173 | 177 | 179 | 111 | 85 | 85 | 45 |
| Cash Conv. Cycle ⓘ | 126 | 168 | 104 | 48 | 28 | 26 | 24 | 5 | 2 | 5 | 5 |
Return on Equity has increased versus last 3 years average to 48.60%
Sales growth is growing at healthy rate in last 3 years 32.05%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 5.93%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 47.7 | 47.7 |
| TTM Sales (₹ Cr.) | 6,659 | 6,659 |
| BVPS (₹.) ⓘ | 105.7 | 105.7 |
| Reserves (₹ Cr.) ⓘ | 1,746 | 1,746 |
| P/BV ⓘ | 8.71 | 8.71 |
| PE ⓘ | 19.32 | 19.32 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 571.65 / 1307.00 |
| All Time Low / High (₹) | 4.91 / 1307.00 |
| Market Cap (₹ Cr.) | 16,804 |
| Equity (₹ Cr.) | 182.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 20.8 |
| Pledged * | 92.86 | 75.99 | 64.30 | 64.30 | 57.26 | 31.96 | 31.96 | 30.94 | 27.17 | 26.02 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,478 | 1,213 | 1,564 | 2,389 | 3,077 | 2,912 | 2,785 | 4,693 | 6,125 | 6,414 |
| Operating Expenses ⓘ | 1,500 | 1,365 | 1,664 | 2,483 | 3,058 | 2,882 | 2,690 | 4,484 | 5,869 | 5,783 |
| Manufacturing Costs | 245 | 228 | 263 | 462 | 538 | 498 | 486 | 731 | 993 | 1,094 |
| Material Costs | 1,178 | 1,052 | 1,277 | 1,907 | 2,399 | 2,240 | 2,069 | 3,325 | 4,300 | 4,144 |
| Employee Cost | 51 | 52 | 56 | 69 | 82 | 90 | 89 | 109 | 129 | 151 |
| Other Costs ⓘ | 27 | 32 | 67 | 45 | 39 | 54 | 46 | 320 | 448 | 395 |
| Operating Profit ⓘ | -22 | -152 | -100 | -94 | 20 | 31 | 95 | 208 | 256 | 630 |
| Operating Profit Margin (%) | -1.5% | -12.5% | -6.4% | -3.9% | 0.6% | 1.1% | 3.4% | 4.4% | 4.2% | 9.8% |
| Other Income ⓘ | 37 | 16 | 21 | 18 | 40 | 60 | 11 | 30 | 35 | 491 |
| Interest ⓘ | 375 | 414 | 45 | 34 | 112 | 103 | 88 | 99 | 89 | 73 |
| Depreciation ⓘ | 126 | 116 | 112 | 107 | 102 | 97 | 94 | 91 | 98 | 86 |
| Exceptional Items ⓘ | -3 | 0 | 0 | -40 | 0 | -6 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -490 | -666 | -236 | -257 | -154 | -114 | -76 | 48 | 105 | 963 |
| Tax ⓘ | -104 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 47 | 84 |
| Profit After Tax | -386 | -666 | -236 | -257 | -154 | -114 | -76 | 48 | 58 | 880 |
| PAT Margin (%) | -26.1% | -54.9% | -15.1% | -10.7% | -5.0% | -3.9% | -2.7% | 1.0% | 0.9% | 13.7% |
| Adjusted EPS (₹) | -52.4 | -85.6 | -27.4 | -26.6 | -15.9 | -10.4 | -6.9 | 4.4 | 4.0 | 53.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | -181 | -843 | -1,184 | -1,427 | -1,580 | -1,658 | -1,733 | -1,663 | 512 | 1,483 |
| Share Capital ⓘ | 74 | 78 | 86 | 96 | 96 | 110 | 110 | 110 | 145 | 164 |
| Reserves ⓘ | -255 | -921 | -1,270 | -1,523 | -1,676 | -1,768 | -1,843 | -1,773 | 366 | 1,319 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 2,676 | 3,010 | 2,844 | 3,510 | 3,638 | 3,464 | 3,433 | 3,169 | 860 | 472 |
| Long Term Debt | 1,964 | 2,248 | 53 | 57 | 1,614 | 662 | 578 | 586 | 626 | 303 |
| Short Term Debt | 712 | 762 | 2,791 | 3,453 | 2,024 | 2,802 | 2,855 | 2,583 | 234 | 169 |
| Trade Payables | 891 | 775 | 564 | 641 | 670 | 690 | 750 | 819 | 899 | 870 |
| Others Liabilities ⓘ | 297 | 572 | 892 | 222 | 185 | 192 | 265 | 354 | 399 | 322 |
| Total Liabilities ⓘ | 3,683 | 3,514 | 3,116 | 2,947 | 2,913 | 2,688 | 2,715 | 2,678 | 2,669 | 3,147 |
Fixed Assets | ||||||||||
| Gross Block | 2,491 | 2,495 | 2,492 | 2,523 | 2,530 | 2,529 | 2,563 | 2,636 | 2,551 | 2,809 |
| Accumulated Depreciation | 791 | 906 | 1,007 | 1,114 | 1,206 | 1,290 | 1,381 | 1,471 | 1,420 | 1,427 |
| Net Fixed Assetsⓘ | 1,700 | 1,588 | 1,486 | 1,409 | 1,324 | 1,238 | 1,181 | 1,165 | 1,132 | 1,382 |
| CWIP ⓘ | 73 | 115 | 82 | 119 | 79 | 98 | 102 | 52 | 69 | 116 |
| Investmentsⓘ | 81 | 81 | 79 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Inventories | 497 | 481 | 420 | 488 | 496 | 579 | 699 | 758 | 821 | 950 |
| Trade Receivables | 763 | 731 | 487 | 399 | 394 | 284 | 244 | 156 | 229 | 242 |
| Cash Equivalents | 32 | 15 | 10 | 8 | 7 | 23 | 26 | 22 | 51 | 91 |
| Others Assetsⓘ | 537 | 502 | 553 | 522 | 611 | 466 | 462 | 524 | 365 | 366 |
| Total Assets ⓘ | 3,683 | 3,514 | 3,116 | 2,947 | 2,913 | 2,688 | 2,715 | 2,678 | 2,669 | 3,147 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -62 | -172 | -104 | 66 | 40 | 291 | 143 | 463 | 321 | 839 |
| PBT ⓘ | -490 | -666 | -236 | -257 | -154 | -114 | -76 | 48 | 105 | 963 |
| Adjustment ⓘ | 451 | 507 | 178 | 189 | 186 | 166 | 188 | 382 | 485 | -21 |
| Changes in Working Capital ⓘ | -24 | -14 | -45 | 132 | 9 | 241 | 32 | 35 | -264 | -105 |
| Tax Paid ⓘ | 1 | 1 | 0 | 1 | -1 | -2 | 0 | -3 | -5 | 2 |
| Cash Flow From Investing Activity ⓘ | 32 | 4 | 25 | -12 | 7 | -37 | -40 | -124 | -119 | -398 |
| Capex | -6 | -15 | 2 | -32 | 8 | -37 | -42 | -127 | -92 | -380 |
| Net Investments | 0 | 4 | 0 | 16 | -9 | -6 | 0 | 2 | -31 | -25 |
| Others ⓘ | 39 | 15 | 23 | 3 | 8 | 6 | 2 | 1 | 4 | 7 |
| Cash Flow From Financing Activityⓘ | 43 | 157 | 76 | -48 | -48 | -250 | -89 | -351 | -192 | -416 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 36 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 389 | 434 | 113 | 43 | 136 | -18 | -33 | -249 | -333 | -304 |
| Interest Paid ⓘ | -346 | -286 | -43 | -99 | -171 | -106 | -56 | -101 | -85 | -94 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 9 | 6 | 7 | -12 | -162 | 0 | 0 | 226 | -18 |
| Net Cash Flow ⓘ | 13 | -11 | -2 | 5 | 0 | 4 | 15 | -12 | 10 | 24 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 88.19 |
| ROCE (%) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 13.27 | 61.07 |
| Asset Turnover Ratio | 0.42 | 0.37 | 0.51 | 0.8 | 1.05 | 1.04 | 1.03 | 1.74 | 2.29 | 2.21 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 9.65 | 5.53 | 0.95 | Working Capital Days |
| Receivable Days | 178 | 205 | 131 | 67 | 47 | 43 | 35 | 16 | 11 | 13 |
| Inventory Days | 116 | 134 | 97 | 68 | 58 | 67 | 84 | 57 | 47 | 50 |
| Payable Days | 224 | 240 | 175 | 115 | 100 | 111 | 127 | 86 | 73 | 78 |
Jai Balaji Industries (JBIL) incorporated in 1999, is engaged in the manufacturing of sponge iron, pig iron, reinforcement steel TMT bars, alloy and mild steel ingots and wire rods; and carbon, alloy, and mild steel heavy rounds. The company has manufacturing facilities located in states namely West Bengal (
Previously the company was Jai Balaji Sponge which changed to present one in June 2007. The company is promoted by Mr Aditya Jajodia.
Company’s research and development facility focuses in area of raw materials, product and process improvement, energy and waste utilisation. It also focuses on cost reduction, product development, product quality and energy conservation.
In 2010 Company received the BIS certification for 100-300 mm dia for Company's newly installed 240000 tons per annum Ductile Iron Pipe Plant.
In 2012 the Company received the Corporate Debt Restructuring letter of approval dated September 20, 2012 from CDR Empowered Group/ CDR Cell pursuant to the CDR package approved by the CDR empowered group.
Manufacturing capacities
Jai Balaji Industries manufacturing capacity of sponge iron is 3,45,000 mtpa; pig iron is 5,09,250 mtpa; steel bars/rods 2,60,000 mtpa; Billets/MS Ingots is 4,73,230 mtpa; and alloy steel / billets is 4,33,000 mtpa.
Company’s sinter plant has production capacity is 6,08,000 mtpa. It also operates captive power plant which has generation capacity of 70.8 MW.
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